MoneyAisle in the News: The Herald-Tribune

Personal Finance columnist Humberto Cruz gave MoneyAisle a glowing review in his financial column in the Sarasota Herald-Tribune - the article was syndicated to 45 other media outlets, including the Salt Lake Tribune, Kansas City, Baltimore Sun, and the Chicago Tribune.

... highly useful for savers is www.MoneyAisle.com, another free, automated site where more than 100 federally insured banks compete for your money. You enter the amount you have available for a certificate of deposit or high-yield savings account, and participating banks bid against one another by trying to offer the highest interest rate. You are not obligated to accept any bid.

These "auctions" are available on demand, 24/7, as technology allows banks to bid on your money through an automated process. I have not bought CDs or opened savings accounts through MoneyAisle (I'm not in the market for these products now) but have found attractive, above-average rates.